Sunbelt Securities Inc. Purchases 122,612 Shares of Capital Group U.S. Multi-Sector Income ETF $CGMS

Sunbelt Securities Inc. boosted its position in Capital Group U.S. Multi-Sector Income ETF (NYSEARCA:CGMS) by 39.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 430,923 shares of the company’s stock after buying an additional 122,612 shares during the quarter. Capital Group U.S. Multi-Sector Income ETF makes up approximately 0.8% of Sunbelt Securities Inc.’s portfolio, making the stock its 21st biggest position. Sunbelt Securities Inc. owned about 0.28% of Capital Group U.S. Multi-Sector Income ETF worth $11,902,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of CGMS. Bogart Wealth LLC bought a new stake in shares of Capital Group U.S. Multi-Sector Income ETF in the 4th quarter worth approximately $27,000. Arax Advisory Partners bought a new position in shares of Capital Group U.S. Multi-Sector Income ETF during the 4th quarter valued at $27,000. Marshall & Sterling Wealth Advisors Inc. grew its holdings in shares of Capital Group U.S. Multi-Sector Income ETF by 81.7% during the 3rd quarter. Marshall & Sterling Wealth Advisors Inc. now owns 1,061 shares of the company’s stock valued at $29,000 after purchasing an additional 477 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new position in Capital Group U.S. Multi-Sector Income ETF in the 4th quarter worth $31,000. Finally, Olistico Wealth LLC purchased a new position in Capital Group U.S. Multi-Sector Income ETF in the 4th quarter worth $54,000.

Capital Group U.S. Multi-Sector Income ETF Stock Up 0.3%

Capital Group U.S. Multi-Sector Income ETF stock opened at $27.47 on Friday. The company has a market capitalization of $4.69 billion, a PE ratio of 10.71 and a beta of 0.29. The firm has a fifty day simple moving average of $27.51 and a two-hundred day simple moving average of $27.58. Capital Group U.S. Multi-Sector Income ETF has a twelve month low of $27.01 and a twelve month high of $28.08.

Capital Group U.S. Multi-Sector Income ETF Company Profile

The Capital Group U.S. Multi-Sector Income ETF (CGMS) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund seeks a high level of current income from an actively managed fund of US corporate debts with varying maturities and credit quality. CGMS was launched on Oct 25, 2022 and is managed by Capital Group.